A McDonald’s customer was left furious after being charged $16 for a burger, fries, and soda – as others claim fast-food chain is no longer affordable for ordinary Americans.
‘So, I understand there’s a labor shortage, wage increases, and a number of other factors,’ Olive from Idaho can be heard saying in the video. ‘But $16? $16 for a burger, a large fry, and a drink? It’s just crazy!’
The video, originally posted in December last year, has gone viral again after McDonald’s reported a 14 percent increase in revenue to $6.69 billion on Monday.
Customers voiced their anger in the comments under Olive’s post, expressing their disappointment that the burger giant is no longer convenient or affordable for many.
Christopher Olive, an influencer with more than 400,000 fans, took to TikTok to express his frustration after being charged $16 for a ‘happy meal’
Customers voiced their anger in the comments under Olive’s post, expressing their disappointment that the burger giant is no longer convenient or affordable for many
The video, originally posted in December last year, has gone viral again after McDonald’s reported a 14 percent increase in revenue to $6.69 billion on Monday
One wrote: ‘Companies know they can get these prices now so they’ll never go back. doesn’t matter who’s in office.’
Another agreed: ‘They could easily eat those costs but they know people will still pay.’
Someone else added: ‘It’s officially not convenient or affordable anymore.’
Some social media users, on the other hand, stepped forward to defend the fast-food chain.
‘Bro ordered the most expensive meal they have and acted surprised,’ one wrote.
Multiple users also suggested Olive use McDonald’s mobile app: ‘Download the app. You can literally eat McDonald’s for under $6 every time.’
The video has gained more than 600 thousands of views, 31.6 thousands of likes with thousands of comments and shared.
Anne Arroyo , from Ohio , raged over the food chain’s ‘out-of-hand’ price increases recently
She showed that although the fast food restaurant advertised a ‘dollar menu’, every item was priced above $1.
In her video, which has so far amassed over 300,000 views, she furiously vented against McDonald’s for allowing its prices to ‘get out of hand.’
‘McDonald’s has a dollar menu right now without a single item that costs $1,’ she said in the video that showed a close-up of the food available for purchase.
Soft drinks and iced tea were priced at $1.29, while iced coffee and frozen beverages were $2.
Although customers don’t seem to be loving the new changes. these menu hikes may have helped the company’s revenue.
A McDonald’s restaurant in Connecticut was offering a Big Mac combo for $18
The average price of the meal – which includes fries and a drink – is $8.64 in the U.S., according to MC-Menu
McDonald’s revenue rose 14 per cent to $6.69 billion, ahead of the $6.56 billion Wall Street forecast. Net income – which included a $26 million charge for a restructuring announced last spring – rose 17 per cent to $2.3 billion.
The Chicago-based company earned $3.17 per share for the quarter, also beating forecasts of $3.00. Shares rose 1 per cent.
McDonald’s said its U.S. traffic fell slightly in the third quarter as it saw fewer visits from customers with annual incomes of $45,000 or less.
The chain is pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers.
McDonald’s was accused of ‘greedflation’ – the practice of cashing in on headlines about inflation by boosting prices more than necessary.
In the first three months of 2023, McDonald’s saw its profits shoot up to $3.314 billion, up by 8.64 per cent from the same period last year.
Some 8.4 per cent of its growth was attributed to higher menu prices.
According to the Big Mac Index by the Economist, the price of the McDonald’s staple has shot up by 125 percent since 1996. And in the last two years alone, it has soared by 6 per cent.